Page:United States Statutes at Large Volume 62 Part 3.djvu/251

 62 STAT.] PORTUGAL-ECONOMIC COOPERATION-SEPT. 28, 1948 Article III (Guaranties) 1. The Governments of the United States of America and Portugal will, upon the request of either Government, consult respecting proj- ects in Portugal proposed by nationals of the United States of America and with regard to which the Government of the United States of America may appropriately make guaranties of currency transfer under section 111(b) (3) of the Economic Cooperation Act of 1948. 2. The Government of Portugal agrees that if the Government of the United States of America makes payment in United States dollars to any person under such a guaranty, any escudos, or credits in es- cudos, assigned or transferred to the Government of the United States of America pursuant to that section shall be recognized as property of the Government of the United States of America. 2859 62 Stat., Pt. 1, p. 144. Post, p. 2863. Article IV (Access to Materials) 1. The Government of Portugal will facilitate the transfer to the Pot, p. 2863. United States of America, for stockpiling or other purposes, of materials originating in Portugal which are required by the United States of America as a result of deficiencies or potential deficiencies in its own resources, upon such reasonable terms of sale, exchange, barter or otherwise, and in such quantities, and for such period of time, as may be agreed to between the Governments of the United States of America and Portugal, after due regard for the reasonable requirements of Pot,p. 2864. Portugal for domestic use and commercial export of such materials. The Government of Portugal will take such specific measures as may be necessary to carry out the provisions of this paragraph, including the promotion of the increased production of such materials within Portugal, and the removal of any hindrances to the transfer of such materials to the United States of America. The Government of Portugal will, when so requested by the Government of the United States of America, enter into negotiations for detailed arrangements necessary to carry out the provisions of this paragraph. 2. The Government of Portugal, when so requested by the Govern- ment of the United States of America, will cooperate, wherever ap- propriate, to further the objectives of paragraph 1 of this Article in respect of materials originating outside of Portugal. Article V (Travel Arrangements and Relief Supplies) 1. The Government of Portugal will cooperate with the Government of the United States of America in facilitating and encouraging the promotion and development of travel by citizens of the United States of America to and within participating countries. 2. The Government of Portugal will, when so desired by the Govern- ment of the United States of America, enter into negotiations for agreements (including the provision of duty-free treatment under

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